The Harberger Tax, also known as "Common Ownership Self-assessed Tax (COST)", is a type of property tax that aims to improve societal welfare by optimising for both investment and allocative efficiency of private property. It proposes a new kind of “partial ownership”, halfway between private ownership and common ownership.[1] The tax is implemented by two mechanisms;
Owners periodically self-assess their property and pay tax on its value.
Others are able to purchase the property from the owner at the taxed price at any time, forcing a sale.
First proposed by American economist Arnold Harberger, it was further popularised in Glen Weyl and Eric Posner’s book Radical Markets: Uprooting Capitalism and Democracy for a Just Society.[2]
^Posner, Eric A.; Weyl, E. Glen (10 April 2017). "Property Is Only Another Name for Monopoly". Journal of Legal Analysis. 9 (1): 51–123. doi:10.1093/jla/lax001.
^"Radical Markets: Uprooting Capitalism and Democracy for a Just Society". Princeton Alumni Weekly. 2018-03-07. Retrieved 2022-10-16.
The HarbergerTax, also known as "Common Ownership Self-assessed Tax (COST)", is a type of property tax that aims to improve societal welfare by optimising...
Arnold Carl Harberger (born July 27, 1924) is an American economist. His approach to the teaching and practice of economics is to emphasize the use of...
overall production process of a commodity. Harberger's triangle, generally attributed to Arnold Harberger, shows the deadweight loss (as measured on a...
insular areas. Georgism HarbergerTax Henry George Land value tax In the OECD classification scheme, tax on property includes "taxes on immovable property...
In the Journal of Political Economy, Harberger wrote an article called "The Incidence of the Corporation Income Tax" where he provided a theoretical framework...
depicted on the demand curve and supply curve diagrams as the area inside Harberger's Triangle. National Insurance in the United Kingdom and Social Security...
Statistica, ed. E. Pizetti and T. Salvemini (1955) Harberger, Arnold. "The Incidence of the Corporation Income Tax" The Journal of Political Economy Vol. 70 No...
and Stern (1974) proved to be a theoretical milestone. Complementary, Harberger's (1964, 1971) contributions on the issue of excess burden measurement...
Economics of the University of Chicago under Milton Friedman and Arnold Harberger, or at its affiliate in the economics department at the Pontifical Catholic...
& Razin, A. (1983). The terms of trade and the current account: The Harberger-Laursen-Metzler effect. Journal of political Economy, 91(1), 97–125. Frenkel...
Amartya Sen (1994) Victor R. Fuchs (1995) Anne O. Krueger (1996) Arnold C. Harberger (1997) Robert W. Fogel (1998) D. Gale Johnson (1999) Dale W. Jorgenson...
They studied directly under Milton Friedman and his disciple, Arnold Harberger, and were exposed to Friedrich Hayek. Upon their return to Chile, their...
was widely known for his suggestion of a tax on foreign exchange transactions, now known as the "Tobin tax." This was designed to reduce speculation...
Akcigit (born 23 May 1980) is a Turkish economist. He is the Arnold C. Harberger Professor of Economics at the University of Chicago, the Kenneth C. Griffin...
the economy of Chile experienced a severe crisis. Friedman and Arnold Harberger accepted an invitation of a private Chilean foundation to visit Chile...
decision to not innovate or expand the agricultural sector because of high taxes and artificially low agriculture prices set by their governments. Schultz...
Goldscheid's concept of fiscal sociology influenced Schumpeter's analysis of the tax state. A 2012 paper showed that Schumpeter's writings displayed the influence...
proposed a global minimum corporate tax rate that would prevent profit shifting by multinational companies for tax avoidance. In an accompanying written...
Amartya Sen (1994) Victor R. Fuchs (1995) Anne O. Krueger (1996) Arnold C. Harberger (1997) Robert W. Fogel (1998) D. Gale Johnson (1999) Dale W. Jorgenson...
Economics, ISBN 978-0-521-09446-7 Cambridge, UK: Cambridge University Press. Harberger, Arnold C. (1971) "Three Basic Postulates for Applied Welfare Economics:...
fiscal and monetary intervention. He warned President Johnson in 1966 that a tax increase was needed to finance the escalation of the war in Vietnam and the...
carbon taxes, but the committee noted that the models he developed also allowed policymakers to calculate quantitative paths for the best tax showing...
was the contemporary single tax discussion. ... Events were just at that time crowding each other fast in the single tax propaganda. [Henry George's]...
hypothesis that tax cuts restrain government spending; indeed ... tax cuts may increase spending. The results also indicate that the main effect of tax cuts on...
emphasize that tax deductions and tax preferences narrowed the income tax base, thus requiring, for a given amount of revenue, higher marginal tax rates. The...
Oxford University Press. p. 7. ISBN 978-0199283279. Letter from Arnold Harberger to Stig Ramel as reprinted in The Wall Street Journal on 12 October 1976...
onward). He began his career in service for the federal government as a tax commissioner in New York City, and soon moved onto hold various posts within...
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